The percentage of Americans saying they have "a great deal" or "quite a lot" of confidence in U.S. banks has fallen to 32%, down 9 percentage points from June 2007 and 17 points from June 2006. This matches the 32% of March 1991 and nears the three-decade low of 30% in October 1991.
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Now I am going to read you a list of institutions in American society. Please tell me how much confidence you, yourself, have in each one -- a great deal, quite a lot, some, or very little?
Americans' confidence in U.S. banks remains low, with only 20% saying they have "a great deal" or "quite a lot" of confidence while 35% say they have "very little" confidence during the week ending May 3.
In sharp contrast to the record drop in the Reuters/University of Michigan Consumer Sentiment Index reported Friday morning, Â鶹´«Ã½AV Poll Daily tracking shows Main Street pessimism moderating in recent days compared to its highs of late last week.
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